World Economy

Japan Factory Output Down

Japan Factory Output DownJapan Factory Output Down

Japan’s factory output probably fell in November for the first time in three months and retail sales also likely slipped, a Reuters poll showed, pointing a slow recovery for the stagnant economy. The nation’s industrial production likely fell 0.6% in November from the previous month, the poll of 20 analysts found, after rising 1.4% in October and 1.1% in September. “Inventory adjustments have been progressing and there is some recovery in exports, while domestic demand remains weak,” said Tatsushi Shikano, deputy chief economist at Mitsubishi UFJ Morgan Stanley.